News Details
11th placed team set to lose constructors' prize money
Formula One is set to undergo a dramatic change in the awarding of prize money ahead of the sport's flotation on the Singapore stock exchange.
As reported by The Telegraph, Bernie Ecclestone is set to make the changes as the sport looks to prevent costs from spiralling. For 2013, a new pay-out system has been instigated which has seen prize money rise from 50 per cent to 63 per cent of the sport's operating profit.
Following the entry of Team Lotus (now Caterham), Virgin (now Marussia) and HRT (now defunct) to the sport in 2010, then-FIA president Max Mosley agreed a deal that would see the two teams that finished outside of the top ten receive a base $10m prize at the end of the...
Full Story »
Full Story »
12y ago from RichlandF1.com
0
You May Also Be Interested In...
Bahrain GP stupid - Ecclestone
Formula 1 boss Bernie Ecclestone believes the Bahrain government were...
12y ago from BBC.co.uk
Briatore: 'No reason for me to return to F1'
Former team principal Flavio Briatore says he sees no reason to return to...
12y ago from TheF1Times.com
Tyre talk dominating 2013 season
Amid all the noise and criticism surrounding Pirelli's approach to formula...
12y ago from GrandPrix.com
Elsewhere On The Network
Popular On MGPToday.com
Johann Zarco explains MotoGP crashing habit after...
No description available...
5h ago from Motorsport.com
Yamaha unveils V4 MotoGP prototype for Misano
Yamaha has officially unveiled its new V4-powered YZR-M1 MotoGP bike,...
7h ago from MotorsportWeek.c...
Francesco Bagnaia maintains he is 'unable to adapt to...
No description available...
9h ago from Motorsport.com
Marc Marquez: Francesco Bagnaia has “enough...
No description available...
9h ago from Motorsport.com
Popular On IndyCarToday.com
Robert Shwartzman refutes rumors about unhappiness in...
Robert Shwartzman has denied that he is unhappy in IndyCar after wrapping...
1d ago from MotorsportWeek.c...
Christian Lundgaard calls first McLaren season a...
No description available...
2d ago from Motorsport.com
Rinus VeeKay separates from Dale Coyne Racing
Rinus VeeKay will not race with Dale Coyne Racing next season after...
1w ago from MotorsportWeek.c...
Popular On TotalWRC.com
WRC Rally Chile drivers, teams thrown curveball as...
No description available...
2h ago from Motorsport.com
Toyota’s Sebastien Ogier races to thrilling comeback...
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
'A team excited not to lose a game' - Gael Clichy...
Former France star Gael Clichy slammed Arsenal manager Mikel Arteta for...
4h ago from SportsKeeda.com
'What a different player' – Gary Neville singles...
Manchester United legend Gary Neville has said that Noni Madueke has...
13h ago from CaughtOffside.com
Left Unsaid
Arsenal’s transfer business over the last few seasons suggests that...
9h ago from Arseblog.com
Comments
Hottest News
Key Ferrari figures set for Audi move as Nico Rosberg...
Catch up on the biggest news stories of the day! Read More »
1h ago from RacingNews365.com
Lewis Hamilton admits Ferrari pain in team garage exchange
Ferrari have released footage of F1 legend Lewis... Read More »
2h ago from GPFans.com
Nico Rosberg issues bold claim as Max Verstappen embarks on...
Max Verstappen will be racing GT cars at the... Read More »
6h ago from RacingNews365.com
